With U.S. diesel prices rising to an all-time high this week, President Donald Trump added support to the calls from farm-state Republicans to implement a temporary ban on diesel exports. “I’ve said let’s not send out the diesel. We make a lot of diesel. I’ve called for it,” Trump said late Tuesday at the U.N….
By Udeme Akpan Dangote Petroleum Refinery & Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit, PMS, popularly known as petrol, and Automotive Gas Oil, AGO, also known as diesel. Under the new pricing regime, the refinery reduced the ex-depot price of petrol to N1,250 per litre from N1,275 per…
A Lagos-based businessman, John Ibe Nnadozie, has been remanded in prison custody following his arraignment at the Igbosere Magistrate’s Court sitting at Tinubu over an alleged N11 million diesel fraud. According to police reports, Nnadozie is accused of obtaining 9,167,000 litres of diesel valued at N11 million from Ajayi Segun, manager of Obededom Oil and…
By Paul Iyoghojie A Lagos-based businessman, John Ibe Nnadozie, has been remanded in prison custody following his arraignment at the Igbosere Magistrate’s Court sitting at Tinubu Magistrate’s Court over an alleged N11 million diesel fraud. According to police authorities, Nnadozie allegedly obtained 9,167,000 litres of diesel valued at N11 million from Ajayi Segun, manager of…
The Nigerian National Petroleum Company Limited (NNPCL) is still importing premium motor spirit (PMS), also known as petrol and Automotive Gas Oil (AGO), also known as diesel, despite Dangote Refinery having sufficient supply, SaharaReporters has learnt. Interestingly, the Crude Oil Refiners Association of Nigeria has opposed petroleum marketers’ plans to import PMS, citing the…
The Deputy Chief Registrar of the Federal High Court (FHC) in Awka, the Anambra State capital, Mba Nkem, has been accused of collecting between 20 to 30 litres of diesel from every defendant granted bail before perfecting their bail conditions. The accusation came after several defendants and their counsel raised concerns over the matter….
The management of the Dangote Refinery has said that it has been exporting diesel and jet fuel produced by the refinery as many local marketers have refused to patronise it despite selling it at lower prices. Devakumar Edwin, the Vice President of Dangote Industries Limited, disclosed this while speaking on a Twitter Space session organised…
The President of Dangote Group, Aliko Dangote, on Saturday said products refined at the Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery, are of superior quality compared to imported equivalents and meet international standards. A statement by the Dangote Group on Sunday said the billionaire businessman made the remark after the leadership…
